With a price/earnings ratio of 7.49, Gray Television Inc P/E ratio is greater than that of about just 10.15% of stocks in our set with positive earnings.
The ratio of debt to operating expenses for Gray Television Inc is higher than it is for about 96.16% of US stocks.
Gray Television Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 23.06%, greater than the shareholder yield of 89.35% of stocks in our set.
If you're looking for stocks that are quantitatively similar to Gray Television Inc, a group of peers worth examining would be GLPI, GPP, PBFX, FPI, and HTGC.
Gray Television owns and operates television stations and digital assets in markets throughout the United States. The company was founded in 1897 and is based in Atlanta, Georgia.
GTN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Gray Television Inc. To summarize, we found that Gray Television Inc ranked in the 87th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1230.5%. In terms of the factors that were most noteworthy in this DCF analysis for GTN, they are:
25% of the company's capital comes from equity, which is greater than merely 9.89% of stocks in our cash flow based forecasting set.
Gray Television Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 22.43% of tickers in our DCF set.
Relative to other stocks in its sector (Consumer Cyclical), Gray Television Inc has a reliance on debt greater than 87.43% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
LIVE, ODP, WINA, TA, and LGF.B can be thought of as valuation peers to GTN, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
I’m sometimes criticized on this forum for being a “trader” who buys and sells stocks relatively aggressively, depending on conditions. I always make the point that the exact same company can be a great or terrible investment depending on the price paid. I think I’ve missed some large gains in...
Patrick Doyle on Seeking Alpha | September 17, 2020
Gray Television, Inc. (GTN) Q2 2020 Earnings Conference Call August 6, 2020 10:00 AM ET Company Participants Hilton Howell - Chairman & Chief Executive Officer Kevin Latek - Chief Legal & Development Officer Pat LaPlatney - President & Co-Chief Executive Officer James Ryan - Chief Financial Officer Robert Smith -...